It's all here! News on the Tucson real estate market, tips and information for your Tucson real estate needs, and my occasional "likes" about Tucson and all the things we love about it. Read on!

Wednesday, March 30, 2016

Quote: Real Estate, Home, and Life

Charles Lamb
"Here cometh April again, and as far as I can see the world hath more fools in it than ever." - Charles Lamb

Tuesday, March 29, 2016

Urban Living: Downtown Tucson is Now the Place to Be

Tucson's Modern Streetcar
I remember how alive downtown Tucson felt on my first summer visits as a teenager. The streets were full of people shopping at such stores as Jacome's and Levi's. (I know I am dating myself there.)  Life has been returning to downtown the last few years, this time with hip dining and drinking establishments such as Hub, Maynards and Penca.

Living downtown is coming back as well, with condominiums such as the Ice House Lofts, 44 Broadway, The Flats at Julian Drew, and Armory Park Condominiums. Prices are all over the place, ranging from the mid 100,000s up to almost $500,000.  Location, views and amenities make all the difference.  And who is buying there?  Younger people of course, who may work in the area and certainly spend their dining and drinking time there.
Downtown Tucson's St. Augustine Cathedral

But there is also the lure the new modern streetcar, great new restaurants and such fine art as the Tucson Symphony, Arizona Opera and the Rogue Theatre. Plus the appeal of being able to just walk down the street to get a good cup of coffee.  That has begun luring empty nesters who crave a return to the big city experience now that the kids have left home. 

Monday, March 28, 2016

New on the Market: 3683 N Banner Mine Drive

3683 N Banner Mine Drive
I have always loved this neighborhood of Rancho Agua Dulce in the Tucson Mountains that is home to both friends and past clients. A gated community, beautiful street landscaping, walking/jogging trail, and a community pool are just part of the picture. It is convenient to downtown and I-10, but still close to great hiking trails and recreation in Tucson Mountain Park.

This home backs up to a scenic wash and has a nice backyard view of the sunsets over the Tucson Mountains. This spacious A.F. Sterling home has four bedrooms, a formal dining room (which would make a great office or den), tile roof and water softener. All appliances stay so it is move-in ready! $234,900.

For more information and photos, check out the link: 3683 N Banner Mine

Spacious living room
Formal dining
Community pool

Open and private back yard

Friday, March 25, 2016

Market Tops and Bottoms: The Tucson Homes Story

I promised you last week that we would take a look at where the Tucson market stands now in relation to Tucson home prices at the top and bottom of the market of the early 2000's.  So here goes.

We will start with the go-go days of 2006...the month of March to be precise.  That is when the average sale price in the Tucson Multiple Listing System topped out at $281,819. Those were exciting days and yes, I jumped on the bandwagon myself with the purchase of a "can't lose" rental property. Ah well.

And in the decline that soon followed, we plumbed pricing depths not seen for many years.  The average sale price in the Tucson MLS bottomed out in September 2011 at $150,699.  Wow...

Does that mean that every home in Tucson lost that much value?  No, this just reflects the actual sale prices in those months. Here are the average sale price stats from those go-go years to the present.

Fun Things in Tucson This Weekend

Another beautiful sunny Tucson weekend and we seem to have a food theme going for fun activities.

Amble down to Tucson's funky Fourth Avenue tonight for Kitchen Confidential: Poetry and Stories.  It is a salivary romp through food, festivity, and recipes for life with Penelope Starr & Kaitlin Meadows.  The fun starts at 7:00pm tonight at Antigone Bookstore located at 411 N Fourth Avenue.  For more information, check out Kitchen Confidential at Antigone Bookstore

And on Saturday from 11am to 7pm is the $5 Food Festival at Kino Sports Complex. It is an amazing collection of restaurants, food entrepreneurs, renowned chefs, food trucks, trailers, booths, carts, and more together to offer awesome & delicious food for only $5 per dish. For more information check out $5 Food Festival

Wednesday, March 23, 2016

Quote: Real Estate, Home, and Life

Oscar Wilde
"Always forgive your enemies; nothing annoys them more." - Oscar Wilde

Saturday, March 19, 2016

Tucson Prices Dip a Bit in February but Number of Sales is Up

Tucson home prices dipped a bit in February from the month before.  Average sale prices were down 4.8% from January (and down 1.56% from February 2015.)   But...the number of homes sold was up 9.33% from January (not unusual in that January closings reflect holiday period contracts, which usually take a hit.)   The real good news in that increase is that it is also an increase of 12.83% from February 2015.   The number of new listings dipped a bit in February both on a month-to-month and year-to-year basis. (6.95% and 7.5% respectively)

The message here?  The Tucson market continues to plod dramatic signs of a reversal of our real estate fortunes.  Next week I will take a look at where our current market stands in relation to the market tops and bottoms of the 2000's.

To see the full February Tucson MLS report, check out Tucson MLS February Homes Sales Report

Wednesday, March 16, 2016

Quotes: Real Estate, Home, and Life

"Hide not your talents, they for use were made. What's a sun-dial in the shade?" - Benjamin Franklin

Monday, March 14, 2016

New on the Market: 2614 N Richey Blvd in Mid-town Tucson

2614 N Richey Boulevard
This is a cool and classic 1955 mid-town ranch-style Tucson home on a huge almost a quarter of an acre lot. The owners have put in low care desert landscaping and run a gray water system from the laundry for the garden area.  And there is lots of room for your spring garden.

There are beautiful concrete floors and original arched interior doors. The artist owner is using the third bedroom as his art studio (lots of light!) Or it would be a great office or exercise room.

The new evaporative cooler was installed just two weeks ago. All of this for just $119,900.
For more details and photos, check out  2614 N Richey Boulevard

Living Room with Concrete Floors

3rd Bedroom Makes a Great Studio or Office

Wednesday, March 9, 2016

Quote: Real Estate, Home, and Life

Satchel Paige
"How old would you be if you didn't know how old you are?" - Satchel Paige

Reflecting on yet another birthday this week...

Saturday, March 5, 2016

Tucson Buyers Take Notice. Mortgage Interest Rates Take a Slight Bounce Back

After weeks of continued drops, mortgage interest rates bounced back a bit this week.  But all rates are still near record lows (see Freddie Mac's chart below,) so it is nothing to panic about. Continued good news for the Tucson homes market.